Trust: The expectation of moral behavior on the part of others. Trust is built out of the

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Trust: The expectation of moral behavior on the part of others. Trust is built out of the social capital accumulated through successful interactions with others. It is consumed or undermined by those who choose to free ride on social cooperation, i.e., compete while others are cooperating. The prisoner's dilemma (see link above) provides a simplified model to show the fragility of trust (m17367).

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Business Ethics

ISBN: 233465

1st Edition

Authors: William Frey, Jose Cruz-Cruz

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